Friday, September 20, 2013

AUTOMOBILE DIMINISHED VALUE APPRAISER- WE DO NOT WORK FOR INSURANCE COMPANIES

WE DO NOT WORK FOR INSURANCE COMPANIES

If you have read any of our articles it is evident that The St. Lucie Appraisal Company prepares its automobile diminished value reports based on new car dealer's opinions of how much value your car has lost due to undergoing collision repairs. YOUR CAR - not a group of similar vehicles that were sold at auctions. In addition, we've cautioned you to make sure that whatever automobile diminished value appraiser you employ uses the same method. This way, insurance companies cannot downgrade the appraisal for any legitimate reason such as their refusal to accept random formulas or auction results that don't address your specific car or the exact amount of damages that were repaired. This article is in response to many of the appraisals we've seen that were done by independent appraisal firms on behalf of Allstate, American Family, Farmers, Geico, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, USAA and other insurance companies. These appraisals are, in a word, crap. Employing formulas such as the disputed Rule 17-C and auction results, their reports produce lower diminished value amounts that are in no way relevant to real world diminished value. Yes, we've been asked by a number of insurers and insurance defense attorneys to prepare DV reports on their behalf with the caveat that we change our methodology to obtain lower settlement figures. Each of these insurers has been shown the door. The St. Lucie Appraisal Company works for you, not insurance companies. So, in addition to advising you to make sure that your licensed independent appraiser uses strictly dealer quotes to prepare their reports, we should add that you ascertain whether they also work for insurance companies. If so, it's a red flag.

Automobile Diminished Value has officially become an entry in the lexicon of insurance terminology. It reflects a car’s quantifiable loss in fair market value subsequent to being repaired after a collision. Determining just how much value was lost takes a lot of effort, not simply plugging in a formula or scanning recent auto auction results. The St. Lucie Appraisal Company does not work for insurance companies simply because they have no interest in offering fair settlement amounts. Make sure that your independent appraiser is licensed and is 100% committed to doing what's right for you - instead of for whoever is throwing them a bone.


The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net



AUTOMOBILE DIMINISHED VALUE APPRAISERS IN ALL 50 STATES


Automobile Diminished Value Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


paypal payment button The fee for an Automobile Diminished Value Report is $275.00. You may also make your Credit Card Payment by telephone, call 772-359-4300. Credit card payments can be made on the PayPal page. Click on "Don't have a PayPal account?" to be taken to the secure credit card payment page. 

After making your secure payment please email the body shop estimate or the insurance company appraisal to contact@stlucieappraisal.net or FAX to 772-466-8400.

NOTE: TESLA OR OTHER EXOTIC CAR OWNERS PLEASE CALL 772-359-4300 TO ARRANGE FOR AN AUTOMOBILE DIMINISHED VALUE APPRAISAL. 


 
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Updated 01-28-2014

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